Commercial Land with Auto
For Sale
$1,575,000
1623 53RD E, Bradenton, FL 34203
The property comprises two parcels that must be acquired together.
Property Size9,124 SF
Days on Market8
Property Features for 1623 53RD E
General Information
Standard status
Active
Size
9,124 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,020
Building Details
Building Size
9,124 SF
Year Built
2010
Listing Agency:
THE REAL ESTATE STORE
Listed By:
Anastasia Alston · License #3562671
(717) 877-2421
Source:
Elliman
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 5 at 7:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of THE REAL ESTATE STORE
Investment Insights
Based on property information with market context.
This commercial land offering includes two parcels totaling nearly 7 acres, with an operating automotive body shop and approximately 9,124 SF of warehouse and storage space. The existing building was constructed in 2010, and the property is in Flood Zone X.
Zoning designations across the property include GC, PR-M, RMF-6, and RSF-6. Any future land use is subject to county approval. The parcels are offered as one sale and are not available individually.
Zoning designations across the property include GC, PR-M, RMF-6, and RSF-6. Any future land use is subject to county approval. The parcels are offered as one sale and are not available individually.
Key Highlights
- Nearly 7 acres across two parcels, offered only as a combined sale
- Operating automotive body shop with approximately 9,124 SF of warehouse/storage space
- Zoning designations include GC, PR‑M, RMF‑6, and RSF‑6; future use requires county approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,203
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,244,060
$2.2M
Cap Rate 7%
$1,602,900
$1.6M
Cap Rate 9%
$1,246,700
$1.2M
Market Conditions
NOI Build-Up for 9,124 SF
Gross rent
$164.2K $18.00/SF
− Vacancy
−$3.9K −$0.43/SF
EGI
$160.3K $17.57/SF
− OpEx
−$48.1K −$5.27/SF
NOI
$112.2K $12.30/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,244,060
Cap Rate 7%
$1,602,900
Cap Rate 9%
$1,246,700
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $112,203 @ 7.0% cap · market cap 7.12%
Second Best
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,206 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,816 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - The property comprises two parcels that must be acquired together.
Where is this commercial land located?
The property is located at 1623 53RD E Bradenton, FL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Nearly 7 acres across two parcels, offered only as a combined sale; Operating automotive body shop with approximately 9,124 SF of warehouse/storage space; Zoning designations include GC, PR‑M, RMF‑6, and RSF‑6; future use requires county approval
